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TensorComm, Inc. Secures $7 Million in New Financing Led by Centennial Ventures
[May 31, 2005]

TensorComm, Inc. Secures $7 Million in New Financing Led by Centennial Ventures


DENVER, May 31 /PRNewswire/ -- TensorComm, (http://www.tensorcomm.com/) a wireless technology company that enables CDMA and W-CDMA carriers to increase network capacity and utilize their spectrum more efficiently, announced today that it has secured $7 million in financing led by new investor Centennial Ventures. All existing investors, including Access Venture Partners, Crawley Ventures, and iSherpa Capital, also participated in the financing.


(Logo: http://www.newscom.com/cgi-bin/prnh/20050531/SFTU104LOGO )
TensorComm has developed a patented Interference Cancellation Technology (ICT(TM)) that delivers a cost-effective, easily deployable CDMA and W-CDMA component that fits in a mobile handset without requiring form factor changes or radio frequency (RF) redesign. Providing immediate improvements in network economics, ICT(TM) gives wireless carriers the flexibility to improve network capacity, coverage and service quality while enhancing Internet services for high-end data users. In 2004, wireless carriers spent $39 billion on infrastructure equipment to increase capacity and for network build out.
The performance of ICT(TM) has been proven on a commercial network and its economic benefits have been validated by a major U.S. carrier to be in the billions of dollars. ICT(TM) is the only technology of its kind capable of canceling interference from all channels in a signal, including pilot, paging, synchronization, voice traffic channels and supplemental data channels. ICT(TM) is designed specifically to anticipate future extensions for handset and base station technologies.
"Controlling operating and capital expenditures, while evolving their networks for projected growth, is a major challenge faced by carriers worldwide" said Steve Halstedt, managing director and co-founder of Centennial. "TensorComm has developed a breakthrough technology and the strategic partnerships to deploy it in wireless networks. We are impressed with the team and its relentless determination to succeed."
Mr. Halstedt will join TensorComm's board of directors.
This round of financing will be used to commercially deploy ICT(TM) enabled handsets, aggressively continue development of CDMA and W-CDMA products and focus research and development efforts on evolving technologies, such as WiMax and OFDM. In addition, it will support the expansion of its management team and further its business development efforts, primarily in Europe and Asia.
"Our first round of funding was based on the promise of proving our technology solution and its economic benefits," said John Thomas, CEO and founder of TensorComm. "We have now proved the technology and its benefits on commercial networks and will use this funding to accelerate the deployment of ICT technology in CDMA and WCDMA networks worldwide."
About TensorComm
Founded in 2001, TensorComm, Inc. is a privately held wireless technology company based in Denver, Co. Prior to starting TensorComm, Dr. Thomas spent eight years developing this breakthrough interference cancellation technology as a co-founder Data Fusion Corporation, a Defense contracting firm that created the intellectual property at the foundation of TensorComm. Since its inception, TensorComm has continued to advance its foundations in research, development and testing of ICT(TM).
About Centennial Ventures
For over 20 years Centennial Ventures has partnered with extraordinary entrepreneurs to build successful businesses. Centennial is a venture capital firm that invests in network companies and related enabling software and technology enterprises, with the potential to be markets leaders. With its focus on both early and later stage opportunities, Centennial has over $1 billion under management and offices in Austin, Denver, and Houston. The company has invested in over 100 communications and related companies. Cencom Cable, OneComm, Brooks Fiber Properties, Crown Castle, and Verio are examples of successful portfolio companies that it has assisted in growing into market leaders.
For more information, please visit the companies' web sites located at http://www.tensorcomm.com/ and http://www.centennial.com/.


Photo: http://www.newscom.com/cgi-bin/prnh/20050531/SFTU104LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, [email protected]


TensorComm, Inc.


CONTACT: Ronjini Mukhopadhyay of Bock Communications, Inc.,+1-714-540-1030, ext. 44, or [email protected], for TensorComm


Web site: http://www.centennial.com/
Web site: http://www.tensorcomm.com/

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